Qatar: Bailout to fuel property growth

From Euromoney.com: Running a bank in Qatar appears to be getting easier all the time. The local government’s latest bailout plan for its financial sector will involve the state clearing up to $4.1 billion of troubled real estate loans and investment from lenders’ balance sheets.

Details have been sparse – for example, about who will manage the assets. With the government lacking institutional capacity to collect repayments, the job might go back to the banks – potentially allowing lenders to reap fees for this……..Full Article: Source